U.S. Hones Plans for Big Bailout of Egypt

By

Matt Bradley

September 4, 2012

CAIRO—American diplomats are closing in on an agreement to dole out $1 billion in debt relief to Egypt, part of a gilded charm offensive that Washington hopes will help shore up the country's economy and prevent its new Islamist leadership from drifting beyond America's foreign-policy orbit.

A team of senior State Department economic officials have spent the past week in Egypt's capital completing the terms of an aid package that...